Pakistan’s textile and apparel exports are likely to rise to $15 billion during the remaining period of the current fiscal, according to the All Pakistan Textile Mills Association (APTMA), whose chairman Syed Ali Ahsan recently appreciated the government for recognising the export sector and providing regionally competitive energy to five zero-rated sectors.

APTMA patron-in-chief Gohar Ejaz said the availability of energy at competitive prices has increased textile exports by 8.5 per cent in January compared to the corresponding month of the previous fiscal, according to Pakistani media reports.

The annual exports of $3.5 billion worth yarn and fabric may boost textile exports to $14 billion, he said.

He urged the government to constitute a task force on cotton production to achieve 15 million bales and ensure its enhancement, sustainability, acquisition of high yield cotton technology, and provision of agricultural extension services.

The government should liquidate all textile Industry refunds of sale tax, income tax, and policy and package initiatives, he said.

Integrated textile and apparel parks should be established and a special task force on the revival of closed mills is critically needed, he added.

Source: www.fibre2fashion.com